VOLUME & MONEY FLOW
Money flow index
RSI with volume folded in — a 0-100 meter for money flowing in versus out.
spec id: mfilength (default 14)
What does Money flow index measure?
RSI with volume folded in — a 0-100 meter for money flowing in versus out. Above ~80 is stretched, below ~20 is washed out.
How is Money flow index calculated?
For each candle, multiply the typical price (high, low and close averaged) by volume. Call it money in if the typical price rose, money out if it fell. Over 14 candles, compare the two totals on a 0-100 scale.
Written by reading the engine’s real computation, not a textbook — where the two differ, the page describes what actually runs.
How do I use Money flow index in a bot?
In the builder, add an indicator of type mfi (parameters: length, default 14). Its value becomes an operand you can compare in any entry or exit rule. The engine grades the whole rule honestly: real fills, no look-ahead, half the history held back.
Related indicators
- Negative volume indexA line that only moves on QUIETER days — the days the old textbooks credit to well-informed money rather than the crowd.
- On-balance volumeA running tally of volume with a sign attached.
- Positive volume indexA line that only moves on BUSIER days — the days traditionally credited to the crowd rather than to well-informed money.
- Percentage volume oscMACD applied to VOLUME instead of price.
Or browse all 158 indicators in the full library.